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and we are hearing the administration released a budget that includes a trillion dollars in tax hikes. peter doocy is live in washington with the latest. >> treasury secretary geithner was tasked with bringing the white house proposal over to capitol hill and republicans are not happy that it includes 1.6 trillion in new taxes. a trillion of that coming from the expiration for bush tax cuts for americans making over $250,000 a year. and a stimulus package worth $50 billion in 2013 alone. and 400 billion in spending cuts and those would come later. that is not enough for the republicans. >> i am disappointed in where we are and whoooose happened over the last couple of weeks. going over the fiscal cliff is serious business. and i am here seriously trying to resolve it and i would hope that the white house would get serious as well. a congressional republican aide said the only changes in the entitlement come from the president's budget that was voted down by the u.s. senate 99-zero and zoro democrats supported it. the white house said it is the republicans and their refusal to ask high
tax hikes and spending cuts will kick in with the new year unless, unless the white house and republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. moving on to some other aspects of the proposal, secretar
. tokyo stocks end the week at a seven month high. plus president obama will take his case for tax hikes on the wealthy to the american people today as the war of words between democrats and republicans over the fiscal cliff heats up. >>> the trading session sitting roughly flat on the stoxx 600. decliners and advancers about even this morning. markets are trying to digest these comments from draghi. first, let's take a look at the bourses. s it is the last trading day of the month. just one left to go in this extraordinary 2012. ibex 35 appropriately enough is ending in the red today. other indexes showing a little bit of a rise here. we've seen spanish and italian debt come in sharply and the yields falling today. we saw the euro-dollar adding almost 0.3%s this morning. dollar-yen up two thirds of a percent in the light of perhaps japan may be getting moring a yes, sir sif on st ing a grefs saggressive on stim. let's get over to deidre wang morr morris. >> yes, the japanese data was good, but also the economy still stuck in deflation. hang seng down half a percent. we had pic stay in f
pressing his case for a proposal that actually leaked last night seeking 1.6 trillion in tax hikes. republicans in morning balking and cliff fears prompt another company to issue a dividend and it's whole foods. >> owner of taco bell, kfc, have warned that sales hit the skids. the shares yesterday hit a fresh high. >>> facebook unlikes zynga. zynga shares are plummeting this morning on the news. >>> never an ego boost for the ceo when the stock falls on the news that he's keeping his job. that's exactly what's happening with groupon as the board keeps andrew mason. >>> the president heading to a pennsylvania factory this morning. republicans have given a thumbs down to the president's plan which includes a $1.6 trillion tax increase, 50 billion in infrastructure spending for next year and limited entitlements cuts. more companies issue special dividends. whole foods will pay $2 a share. kbw yesterday. what's more interesting to you, jim? the cliff discussion and madness or the notion that these companies said we were not managing our balance sheet in the most efficient way. >> i'm
solve these problems. right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. >> let's not kid ourselves. >> this is really insulting. >> don't give me the switcheroo. >> this isn't a deal, folks. >> it's reprehensible. >> they were offered easier terms. >> shame on them! i can't even talk about it anymore! >> mitch mcconnell burst into laughter. >> this is a unicorn budget. >> stop stealing from our kids. >> you know i'm right. >> your show, fox news, you you guys are too angry. >> i'm not angry, governor. >> santa delivers everywhere. i've been keeping my own naughty and nice list. >> tgif, everyone. ♪ >>> a happy friday to all of you and we begin with a man that one losing presidential candidate calls santa claus but we refer to as the president of the united states visiting a toy factory outside of philadelphia. the president, who toured the land of tinker toys and angry birds, had a dual purpose. first, promoting american-made products, and then in between a few jokes made at the expense of his vice president, he delivered a st
to the burbs pushing tax relief for middle america. >> a jobs bill passed the house this morning. i repeat a jobs bill passed the house this morning. >> and heard it from sc, big news from the capital oil. we're awaiting big news from the nation's highest court. will gay marriage finally be put on the docket. >> and tgif. thank goodness it's filibuster reform. wait that's not it? >> i can barely hear myself think over jonathan's shirt. >> love it. >> when i was growing up in the suburbs, i didn't think it was the center of society. we went to the mall, we played in the back stuff, did stuff we weren't supposed to in the bachlts. but the soul of the middle class society was being born in the burbs. which is why when the president needs to speak to real americans, he takes his tax cut fight to the suburbs in philly. >> i'm already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. i'm assuming that doesn't sound too good to you.
don't need to see their taxes go up. >> that's one way to create opening day buzz, although it looks like watching this scene everybody was more interested in watching the vice president do his own shopping there. >>> also, why are people receiving this fund-raising e-mail from bill clinton? quote, i've enjoyed it so much whenever we've brought one of hillary's strongest supporters to new york to spend a day with me, i'm happy to tell you that i've asked to do it again. this is not the launch of a 2016 campaign. secretary clinton's 2008 campaign still owes $70,000, and they're trying to pay it off. just weeks after galvanizing the >> there's a lot of scientific data that i found out as a scientist that shows this is really a young earth. i don't believe that the earth's but about 9,000 years old. >> broun is not alone. when marco rubio was asked about the age of the planet in a recent interview, he dodged it saying, i'm not a scientist, man. now televangelist pat robertson of all people is weighing in, but not in a way you might expect. we're going to have pat robertson back. pat rob
's really no other way to say it. they stopped at the request for $1.6 trillion in new tax revenue, which probably gives us a bit more context to house speaker john boehner's response to all of this yesterday. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> so, let's not forget here just how close we are to this cliff. cliff day is 32 days away. you might say we're kind of teetering, regardless of what the republicans think, regardless of how loud they may be laughing, the president is awalking. he's taking this pitch on the road, and he is heading as we speak to a suburb in philadelphia to tour a toy factory and give a speech there. but this is not just your average factory. it's not just your average tour. it's not your normal glad-handing here. in fact, the republicans are saying this is just president obama campaigning. they're angry that he's off selling this proposal to the public instead of sitting down at the table with them and negotiating back in washington. it's a great shot, though, to watch marine one tak
bid, president obama hits the philadelphia suburbs campaigning hard for his plan to raise taxes on the rich. >> it's not acceptable to me and i don't think it's acceptable for you for a handful of members of congress to hold middle class tax cuts hostage because they don't want rates on upper incomes to go up. that doesn't make sense. >> the speaker was quick to respond. increasing tax rates draws money away from our economy that need to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, closing loopholes and not raising rates. we think it's better for the economy, pure and simple. >> and just now, hitting the jackpot. the small town missouri couple who have had more than their share of hard times win the powerball and with the great american generous spirit are taking it in stride. >> our main concern is our family and, of course, and we have a very large family and then next is our charities we'll be giving to. yeah. it's like how much does a person need? >> and is this man who went to a mary
the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernible] >> it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know what the menu is. we do not know what the white house is willing to do to get serious about solving our debt crisis. [indiscernible] >> i am not
day closer today to automatic tax hikes and spending cuts, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehner said republicans remain willing to raise revenues, but not by raising tax rates. and he charged the white house isn't
facility. the president's visit would highlight the impact that the taxes would affect the season. it's all to garner public support and back republicans into a corner as fiscal cliff negotiations continue. tim geithner went up to the hill yesterday and laid out the president's offer. this is what it looks like. the goal is to get to $1.6 trillion in revenue. letting the tax cuts expire for the top 2% and then raise capital gains. that would bring in $196 billion. and then the tax code over overhaul, and extension of unemployment benefits and more stimulus spending. republicans for their part dismiss the offer immediately calling it unbalanced, and unreasonable. so the question is what kind of leverage do republicans have at this point? talking points memo notes that they do have control over whether or not we raise the debt ceiling which is something we have to do in the next few weeks or so. while it does not factor into the mass that is considered right now it does give house speaker john boehner program cuts like entitlement cuts back into the conversation. we're back with the show stay
the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the president said he wanted it to be a balanced deal. watch. melissa: so right now all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it is time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. melissa: republicans have made some nice, positive noises but they haven't put their plan on the table. so we're asking them, you know, what they have got. bill: so that sound you hear, america, is gridlock. mike emanuel is live
lgbt community that counters discriminatory federal tax policy and to provide a higher level of equalitytj( xrñ for sax spouses an partners who work for the city and county of san francisco. i'd like to thank cosponsors, campos and wiener. current city employees who would likemzjpkn to add their spouse r is taken out of their paycheck. federal government views health coverage by same sex spouses and domestidomestic -- to be taxable income. therefore they're taxed more than other city employees simply because their spouse or partners of the same gender. this discrimination in our federal tax code has cost same-sex partners thousands of dollars each year. as of july 28 of this year the latest data we have, the number of city and county of san francisco active members with same-sex domestic partners total over 350. san francisco has always been a leader in supporting our lgbt community and i'm proud to stand with that group. following the example of other municipalities such as cambridge, massachusetts and private employers such as google in the bay area who have shown leadersh
drivers. they propose extravagant solutions. mta is a bully agency the tax taxidrivers, parking meters in the physically frail. if muni passengers a lucky those taking the bus today are lucky if they are home by christmas. i had to acquaint this board with muni etiquette. when you say to someone i will see you in hell, it means i will see you in a muni bus. >> chairman nolan: next speaker plesae. >> commissioners thank you for letting me speak again. of the record i'm emile lawrence [sounds like]. i want to see what we see the mta is missing by a long mile. technology is superseding your medallions. if you look at the industry in london, they have to separate systems. they have -- taxis and taxes that pick up people on the street which are black cabs. taxis by telephone operate without any license. people can drive their own car or limousine by filing apps by people like hoover -- what i see is a collapse of your medallion prices coming up in the horizon, defaults from drivers, etc. the industry technologically is the preceding your ability to cope with it. i bring that to your a
a fiscal cliff deal? >> with $1.6 trillion in new taxes, i think probably half a second. >> when you see the apparent attempt at a bipartisan lunch going on today between obama and romney, it was all very sweet and everything, the reality is the picture was about as uncomfortable as the relationship is between the two sides, and again, frank, how do we get to a better place in washington? how do we get these guys to realize, let me throw this at you. i interviewed mike tyson an hour ago. fantastic interview in many ways. what i found really fascinating and relevant to this, he talks about when he goes back to the streets he grew up in in new york, what real people care about. they care about their homes, they care about their jobs, they care about feeding their children. he got quite passionate about it. i just don't get that these politicians squabbling in d.c. care about those things enough or they would stop this politicking over things like a fiscal cliff. what do you think, frank? >> they care in largest part about staying in office and one of the problems here is what each individu
the fiscal cliff. nothing much seems to have changed. democrats want to raise taxes and republicans still want spending cuts. >> the president will not sign legislation that extends the tax cuts. >> time for the president, democrats, to tell the american people what spending cuts they are willing to make. >> each side accuses the other of not providing expects. >>> vice president joe biden went to costo. he bought a television and other items. he said he was there to demonstrate why it is important to raise taxes on the wealthy. >>> with the election behind them, president obama and mitt romney had lunch together tonight at the white house. cameras got a glimpse at mitt romney. the lunch was private. it lasted over an hour and the white house said the president did not have an agenda here. the president prompted to meet with mitt romney to discuss how they could work together. and the menu, the white house said white turkey chilly and southwestern grilled chicken salad. >>> fewer americans filed unemployment claims last week. 393,000 people filed for jobless claims. it was the second stra
yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion in stimulus spending. democrats see this really as sort of the opening salvo in these negotiations. early on in this process, both sides appear to show some level of optimism that this would get done. in the last few days and certainly yesterday it just seems like both sides are so far apart, it's not unusual for us to see this kind of posturing and other negotiations, tough negotiations over the last four years or so. you'll see things build up whether it appears that it's going to get done. then they fall apart. in the end it does happen. the hope is that that would happen here as well. both sides seemingly far apart still. >> neither side, dan, wants to say anything that would potentiallyg suggest they're giving up any leverage. republican aides say the white house author
, heavy rains have flooded san anselmo creek inundating the downtown with water. voters approved a tax for prevention projects five years ago. but the money has been tied up in court most of the time. now there's about $10 million waiting to be spent. >> there are efforts that -- planning efforts and more to develop what are called retention ponds in upstream areas the idea of which is to slow down the downstream onslaught of water that happens in big rain events. >> the town may be on alert but not everyone there is happy about being on the news. ahead at 6:00, cbs 5's mike sugerman explains why. >>> we might be seeing more of this before all is said and done. this tree came down in san francisco's bernal heights neighborhood. crews were trying to clean it up this morning. there have been a number of trees that have come down in many parts of the bay area. >> pg&e crews doing what they can to reduce power outages during the next storms. they took advantage of the little break in the weather to make headway trimming teresa way from the power lines. yesterday more than 1100 homes lost p
and tax generation but also we will see it down the peninsula and throughout the region, as daniel said. we can accommodate it, we have accommodated events before. the super bowl last time was in stanford away and san francisco was the host and regional event. we are looking forward to it and the benefit this region will get from hosting the super bowl. >> the nfl will have the super bowl at meadowlands, outside new york -- how far santa clara is. could be the first snowy super bowl. is there any concern about the nfl, the fact in february we could have horrible rain or beautiful sunshine about the weather? >> i have looked ahead. it is supposed to be sunny that day. we are excited to put that in the bid package. my mom reminds me my birthday is february 4th, all grown up. we had all of my parties in the glorious sun so i think we are in good shape. we meet the nfl requirements of temperature. we are above that, so we are in great shape on that front. >> so be it. whatever. >> i don't think it is going to rain. >> any questions? >> we can have two weeks leading up to the event. what sor
to take action to stop taxes from going up on middle class consumers. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by timothy geithner. the white house proposal consists of $1.6 trillion over a decade. the administration wants $50 billion for infrastructure spending in 2015. the president is offering to support an unspecified amount of spending cuts this year. >>> the $1 bill may be on its way out. congressional auditors want to do away with the dollar bill and replace them with $1 coins. they say the switch could save taxpayers more than $40 billion over the next 30 years. they are also looking at changing the metal composition of is quarters, dimes, and nickels. >>> oakland is moving forward to put more officers on the streets. two city council members are pushing to hire 20 civilians to work as technicians. they also want to bring in 11 alameda service members. >> we are asking opd officers to volunteer on overtime to provide extra patrols during the times we believe violence has been taking place. >>
-4 years when it inherited the tax commission, you pay no attention to what any cab driver has given under any subject. -- you fed them dirt and kept them in the dark while you implement the policies. we are not criminals. we are taxi drivers but basically take people around the city but we cannot pay our rent. 25-35-15 years ago, and you think you do not own them any compensation as long as it goes into your checking account. maybe it is time for a civil grand jury to investigate. and what you are doing. it seems that you have no conscience at all in the city. thank you for your time. (applause) >> good afternoon. chairman nolan, directors. i am very curious as to why you gave us three minutes today. only one minute last month. when they all showed up. now they're not here because this is things giving week; they need to be working and serving the public. this is disgusting. the irishman is correct. you should go back and figure out what the nolan family really means. they will be a challenge to what you did. this is not funded yet and yet you decided to shut the door on
the year end fiscal cliff. he will make the case that congress needs to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by treasury secretary timny geithner. the white house proposal contists of $1.6 trillion in higher taxes over ten years. the administration wants $50 billion for infrastructure spending in 2015. in return the president is offering to support an unspecified amount of spending cuts this year and legislation for saving up to $400 billion from programs such as medicare over a decade. >>> 5:47. the great hostess bakery selloff can begin. the judge approved to sell all of the hostessing a sets including baking plants, recipes, and trademarks. it also included $2 million in bonuses if they meet certain standards in the way they handle the liquidation. >>> voters in richmond may have rejected a tax on soda but the battle isn't other bay area cities that are considering similar measures. >>> mountain view police will release
selling, given the fact that people are worried about higher taxes. i guess it makes sense to unload some of your winners if you're sitting on big gains. get the 15% cap gains tax now rather than the potential of the 25% in just a couple of months. >> well, broader issue -- a lot of them have been underperforming throughout the year. s&p is up 12%. a lot of people i know are up 4, 6, 7%. that's underperformance. they have a real problem how it. they have to stay invested or find some way to outperform or they're going to have problems. so what do you do? this is a real tough situation. >> all right. thanks, everybody. appreciate it. have a good weekend. see you soon. >>> as you know, the market ending the week mixed, but we saw some wild swings following a parade of fiscal cliff comments this week. >> lawmakers expected to meet this week to work for a compromise. >> i would hope our friends on the other side can turn off the campaign. >> we could have prevented this crisis months ago by just simply adopting what we passed in the senate. >> president obama is meeting with high-profile chie
as the second quarter. if they don't compromise. so listen to me. the tax hikes are so severe. [ audience boos ] >> the spending cuts, particularly the cuts to the military, are so draconian even some republicans who think a compromise is a total betrayal, they fear the economic consequences of cliff jumping. once a deal is reached. tax rates, tweaks and deductions, it could be game on in 2013. i don't regard this as kicking the can down the road. i believe this will be comprehensive enough to address everything from the roll back to the clinton year capital gains rates dividends. i think it's going to happen. to a plan to keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to apiece the republicans, too, once they've bothered to identify the cuts they actually want. as much as some may believe that there's no incentive to run partisanship, the dramatic rates of income these fiscal rates give to tens of millions of americans who happen to be voters. of t
cliff and preventing a big tax hike for everybody are going backwards fast. just listen to the democratic senate leader talking about the speaker of the house today. >> i don't understand his brain, so, you should ask him. >> reporter: president obama and speaker boehner spoke by phone last night in a call sources tell abc news was blunt and unproductive. both men refusing to give ground on the issue of tax rates for the wealthy. obama insisting they go up, boehner insisting they don't. >> listen, this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. >> reporter: and taxes aren't the only sticking point. republicans are demanding the president come forward with a plan to limit spending on medicare and social security, something many democrats say is just not acceptable. >> i didn't have my own card with me. jill wouldn't let me have one. >> reporter: vice president biden got into the act today, too, taking a break from christmas shopping and snacking at costco to urge congress to extend middle class tax cuts
as year-end tax hikes and spending cuts moved another day closer. on the face of it there seemed to be little movement today. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> sreenivasan: treasury secretary timothy geithner and legislative chief rob nabors arrived at the capitol this morning, for meetings with congressional leaders. house speaker john boehner also spoke to president obama on the phone last night. he said he wanted to know where the administration would rein in spending, but that he had heard nothing new. >> i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president is really willing to do. listen, i remain hopeful that productive conversations in the days ahead can be had but the white house has to get serious. >> sreenivasan: senate minority leader mitch mcconnell echoed that complaint. in a statement, he said, "today, they took a step backward and significantly closer to the cliff." conversely, white house spokesman jay carney charged republi
on the naughty list. and he asked republicans to extend the bush era tax cuts for those making less than $250,000, but not for those making more. echoing the holiday theme with this grinch like association. >> let's not kid ourselves. i'm not trying to make this more difficult. >> jennifer: stalemate. didn't we just start talking? oh wait, he's just posturing right? to sort out the latest tough talk from the posture is michelle bernard founder of the bernard center center for women public policy. welcome back inside "the war room," michelle. >> thank you. >> jennifer: so, how serious is the stalemate that speaker boehner announceed today? >> i was listening to that sound bite a second ago, and i don't know if i want to cry or if i want to laugh. i don't know how we get to a stalemate when number one the negotiations just began. number two the president has presented congress with his proposal and we have not heard anything from the republicans with a counter parolees counter proposal or what it is that they're offering. you got to think it that they're joking, this is a joke, right? >> jennif
but will it work in other cities? the other bay area cities may now want to tax soda. >>> police officer helping a homeless man in need. the act of kindness becoming a hit online. >>> here's a live look at the golden gate bridge. traffic not too bad but out in livermore a completely different story. >>> welcome back to the ktvu channel 2 morning news. live look at the big board. dow jones up a little bit. 16 points. still hanging on to that 13,000 level. still have stocks to watch. >>> time now 6:54. mountain view police may tell us more today about the alleged sexual assault of a 13-year-old girl. it happened near castro park wednesday night. according to police the girl knew the suspects and was drinking alcohol with them when that assault happened. a 23-year-old man and two 17- year-old boys have been arrested. that girl is at home recovering with her family. >>> new york city police officer is getting praise from recall over the world for the kindness he showed to a homeless man. he says he saw the man barefoot in time square asking for spare change. now the officer says his feet were freezi
by their election success, argued that voters chose higher tax rates for wealthy americans as part of any plan to cut the deficit. and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts coming later. and no new proposals dealing with entitlement reform. republicans say for them, a nonstarter. >> kelly o'donnell, another cold night on capitol hill. thank you. >>> and as this debate goes on, a memorial service in washington today for a long-time budget-cutting warrior, former senator warren rudman, and david suitor was among them, and former senator and white house chief of staff, howard baker, a republican from new hampshire who authored a bill that included automatic spending cu
twoint capital hill to pitch the president's plan. it includes $1.6 trillion in new tax revenue but it doesn't say where the savings will come from. house republicans called it an insult. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> we are waiting for some spifks som somewhere -- specific some where from your republican colleagues to show they're serious. >> if a compromise isn't reached by years end automatic tax hikes will kick you in. . >> president obama and mitt romney met face to face for the first time since their campaign. they sat down for a lunch. they discussed american leadership in the world and flej pledged to stay in touch. >> the supreme court could take up the same sex marriage debate as soon as tomorrow. we will know as soon as a list of cases is posted. if the pr prop eight-case is on the list, it could be decided by next summer. if it's not, then the ban will stand and then the marriages would become league legal. >> the sneak attack on a bay area driver that le
of the bank's locations, including its munich headquarters, in search of evidence of tax evasion. the bank is suspected of cheating the state out of 124 million euros. share transactions between 2006 and 2008 are the focus of the probe. the bank is not alone. investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets have ben liquidated and notnl d.subsidiaries were present in more than 40 of hman's german unihas fouone othn 'ssss e figr yrs, aun 10ttne a bkrtc on eimehodotal fs ul basig mewhe,edris te lmaroerfid rak srt brk. wh wco bk, btay rtedndurreby soie tnk ftang wh us. >> welcome back. epitfreom i spadg si the long crh pteer tangohe see tay >> riot police moved in to bre
right now the treasurer and tax collector issue the bills and collect the assessments for the existing tourism improvement district. that would continue. but the city would also have a contract with the san francisco tourism improvement district, which is a non-profit. they have a board of directors of the folks who are assessed in the tourism industry and other at-large participants and they work with the city on -- well, the expansion project. in addition, to the expansion project the assessment district is going to fund a couple other things. it's going to fund a convention sales and marketing. so they'll basically be promoting the convention center to the conventions that exist internationally and nationally and try to lure them to san francisco with some of the funds. they'll have a capital reserve and maintenance reserve for future renovation needs, as well as they operate the assessment district itself. so the construction timeline is 2015 to 2018. and again, the term of district itself for the assessments goes from 2013 to 2045. so with that, i am happy to take questions. it
. the president's plan includes $1.6 trillion in new tax revenue in exchange for $400 billion in entitlement cuts. but it doesn't say where the savings will come from. republicans called it an insult. >> despite that claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> we are waiting for some specifics, some where, from our republican colleagues to show that they're serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and steep budget cuts will kick in. >>> the president and mitt romney met face-to-face today for the first time since their contentious campaigning. aides say they discussed american leadership in the world and pledged to stay in touch. >>> the supreme court could take up california's same-sex marriage debate as far as tomorrow. we'll know as soon as the court posts a list of cases it plans to review. if the prop 8 case is on the list, it means it would be argued and likely decided by next summer. but if the justices opt not to hear it, than the appeals court ruling that st
president obama is talking directly to the american public about tax increases and spending cuts. this afternoon, he walked assembly line outside of philadelphia. it's main product? connecx toys. >> we all agree on making sure middle class taxes don't go up. let's get that done. let's take the fear out for the vast majority of american families so they don't have to worry about $2,000 coming out of their pocket starting next year. >>> all right. now to a story you will see on nbc bay area. >> the san jose skyline could look different if the city can get clearance from the faa. the city leaders say they want taller buildings up to 40 stories high, but since downtown is in the flight path of the airport, there are flight restrictions and that is costing the city money. >> we can do that because we can bring more vibrancy to downtown. more people using restaurants and retail and obviously that attracts more business. >> the faa is doing a study looking the -- at other airports. critics say having taller buildings will ruin the view for the buildings already in downtown. >>> when we
of intentions because at the end of the day we're accountable to the tax payers and the rate payers of city and county of san francisco. >> thank you president torres. just a clarification on the action item before us if there is one or for the later meet something. >> the sfpuc commission agenda provides for them to discuss and take action, so our understanding is that the commission secretary would call the roll for the sfpuc so that they could vote on this agenda item for lafco it was just a discussion item. >> thank you. commissioner vietor. >> yes and i appreciate all the public comments that have been made and the comments too from this body and all of the work that the puc has done. i have been on the public utilities commission for four years plus and i know this cleanpower sf issue -- i think it's been eight years, nine years in the coming, and when i came on there was really this sort of sense that the puc wasn't stepping up, that the city didn't care that we weren't moving quickly enough and he we are at this opportunity to really move things forward. i think it's really remar
obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly by the rescue package for greece, but at this last trading day of the week, trading has been quite low. the positive trend continued, although there has been some bad news coming in, like the record high unemployment rate in the euro area and the fact that u.s. consumers spend less money in october. nevertheless, the mood is fine. investors hope the fiscal cliff in the u.s.a. can be avoided. >> let's get a closer look at friday's trading. with all that uncertainty in washington, traders were playing it cautious. in germany, the blue-chip dax broke a bit of a winning streak, only gaining fractionally. e
and tax cuts. he took photos with shoppers, chatted up the staff and was followed around the store by a huge crowd. his favorite part, like many of us who go to costco, all those free samples. he did get around to talk tax cuts. >> i think it's important that congress acts now. i mean, right now. all that needs to be done is extend the middle class tax cut. >> he bought cookies, children's books, an apple pie and a 32 inch tv. he declined an offer to buy a set of tires saying, i don't drive any more. >>> the driver behind the crash has a bizarre explanation for why it happened. >>> good evening, i'm chief meteorologist jeff ranieri in the bay area weather center. we're tracking the latest storm moving across california. a flash flood watch. and if you're headed to the sierra, watch out, winter storm warning in place, where we could see six to ten inches on your full forecast coming up. >>> now it's our turn. californians will be able to play one of the biggest lottery games in the country. stay with us. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wi
the board of supervisors. i also want to conclude by noting that this move comes in the context of a tax on the epa, couldn't clean air pact, clean water act endangered species act and [speaker not understood] law here in california c-e-q-a. and the hope the city of san francisco would be rather than looking at making c-e-q-a and public participation more limited, looking at ways in which to defend our hallmark [speaker not understood]. thank you. >>> president fong, commissioners, matt reagan with the bay area council. we're a business sponsored public policy advocacy organization. we do a lot of research on the health of the region's economy. one of the key factors we have constantly come to our attention is that the qualitiv of our environment here in the bay area is key, is a very key factor to maintaining our economic health and vitality. we need strong economic -- sorry, environmental protections and regulations. we have come to the conclusion that c-e-q-a provides none of that. c-e-q-a is a law that is for all intents and purposes obsolete. some of the people who spoke before me m
by headlines regarding the fiscal cliff. > what is your reaction to a lawmaker who wants to put an extra tax on high-speed trading? what do you think about that? > > i think it is short- sightedness. i don't mean that as any real criticism, but when you look at it, they really want to arrest the problem. it should really be on cancellations. the speed of trading isn't- in my opinion, isn't really the issue. speed should be competitive and whatnot. as long as everyone has the same fair advantage to that, i think that's what the key is. putting a tax on a broad level, saying this will fix all, i think there would be so many unattended consequences as a result of that and what it opens the door for, i just think it is totally counterproductive and really not the solution. it's a hair trigger. > thanks for your thoughts today. good to have you on the show. have a good one. > > you too. president obama heads to philadelphia today to visit a toy manufacturing plant. it's where he will also talk about his plan to avert the so-called fiscal cliff. comments yesterday from house speaker john bohener h
cliff on new year's day. that would mean automatic spending cuts and the expiration of tax cuts for most americans. president obama sent his top negotiator to the treasury secretary. tim geithner to capitol hill today. he met with leaders of both parties. republicans say they made no progress. and surprise, each party blames the other. >> the democrats have yet to get serious about real spending cuts. and, secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> republicans know where we stand. we have said it, we have said it, we have said it so many times the president said the same thing. it's been weeks, at least two weeks since we met at the white house and are still waiting for a serious offer from the republics. >> shepard: after his meeting with secretary geithner the senate minority leader mitch mcconnell said of administration officials quote today they took a step backward moving away from consensus and closer to that cliff. ed henry is live at the white house for us tonight. ed we are getting new informatio
's plan to house and senate leaders yesterday. it includes $1.6 trillion in new tax revenue and $400 billion in cuts to entitlement programs. but it doesn't look like geithner's visit did much to bring republicans and democrats any closer to agreement. >> the democrats have yet to get serious about real spending cuts. >> we are waiting for something specific from republicans to show they are serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and across- the-board budget cuts would take effect. >>> former president george h.w. bush is expected to be released from the hospital sometime this weekend. he has been fighting bronchitis since the day after thanksgiving. the 88-year-old is said to be doing well though. good news there. doctors say bush's age and other health conditions have complicated his recovery but he is going to be just fine. >>> well, one of the people holding a winning powerball ticket may be far away from where that ticket was sold. surveillance video from the store in maryland shows this man in a bright yellow outfit checkin
joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a huge crowd, as you can see. his favorite part like many who go to costco, try out the free samples. he spoke about the importance of renewing the tax cuts. >> so i think it is important that coming act now. i mean, right now. all it has to do is take a single vote to extend the middle class tax cuts. >> reporter: biden bought cookies, children's books and apple pie, and a 32-inch flat screen tv. he decline an offer to buy a set of tires saying i don't drive anymore. envelop the president had a notable lunch guest at the white house today. his former rival, mitt romney. the get-together mark their first meeting since facing off in the third presidential debate. the menu was made public. turkey chilly and southwestern grilled chicken salad. in his election, you might recall president obama promised to meet with romney. they posed as you can se
are campaign or super pacs weren't at the best. >> eric: yes, i did pay my taxes. no i didn't kill anyone. >> kimberly: i'm not against dogs, yeah, the whole thing. i like dogs. >> eric: i like twitter. that was the big thing. please roll the video. according to the reporter newspaper, president obama plans to do his annual wine vacation, get this, the dates are december 17 through january 6. so that means, while america is hurled head first off the fiscal cliff, the obama will spend 21 days golfing, body surfing and lunching to the tune of $4 million taxpayer dollars. you can't make stuff up. >> kimberly: that sounds good to me. >> dana: the reporters would have complained if they spent 21 days in waco. but 21 in hawaii could be worse. he said let's make sure we get it done before christmas. get it done on december 16, sign it, get out of town. >> eric: $4 million. >> bob: if he was in the bathroom at the white house it would cost $4 million. >> eric: december 17 to january 6. fiscal cliff hits december 31. smack dab in middle of this vacation. he snub hawaii, body surfing. >> kimberly:
. the president will make the case that congress has to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they aren't impress pressed the president's latest proposal that was brought to capital hill. >>> the proposal is 1.6 trillon dollars in higher taxes, they also want $50 billion for spending in 2015, in return the president is offering to support an unspecified amount of spending cuts this year and also legislation for saving up to $400 billion from programs like medicare over a decade. >> more bay area communities are considering taxes on soda. the first city to put up the idea for a public vote was richmond. that was defeated early this month but now others -- the soda industry said the tax wouldn't work because people would just go to other cities to buy their drinks. >> all right. a second storm is really hitting the bay area. steve is tracking this storm. he will tell you what to expect all day and into your weekend. >> alex smith speaking out on the 49er quarterback controversy. what he said about the coach's decision to st
ortiz has saved the chance that band. >> that is old news. john: you wann a tax on junk food. >> the carbohydrate product that is in the market. we are giving the consumer is the choice to a choose what they want to consent. john: good food would cost less. degree food would cost more. >> that is totally correct. john: orange juice and apple seized on food? >> well, i don't believe they are. john: more sugar than coke and pepsi. >> well, we will cross that bridge when we get here, but i will tell you this much. i like my apples and oranges. john: you also helped get to these calorie counts posted at fast food places. >> that is correct. john: go into mcdonald's. no, this merely calories command that helps people. >> we have monies, they make their choices based on what they see. we have managed now to see a wonderful number of decrease in people suffering from obesity and diabetes. john: decreasing. >> moving in that direction. to mcdonald's and burger king and others are more responsible. john: a real study has been done on this. you can say, it doesn't cost that much to pu
middle income tax cuts. democrats stand ready to support it. president stands ready to sign it. why? why are you holding this up. >> president obama told boehner there is no deal unless to keep the tax rates go up for those earning more $250,000. >> 138 nations voted to granted the palestinian authority status as a non-member observer state. israel and united states voted against the controversial measure which could make it easier for the palestinian authority to pursue israel in international courts. palestinian president mahmoud abbas called it a last chance for a peaceful two state settlement. >> just ahead, a bay area's woman battle against cancer. >> how social media is bringing >>> traditional fund-raising usually involves something like a bake sale or auction. >> social media opened a new arena. >> it is called cloud funding and michael finney is here tonight, apparently it works. >> it really does. it is a game changer. i reported earlier about a local elementary school where they were able to raise cash by using a cloud funding site. thousands of folks are raising money from ev
31, $650 billion in cuts to pentagon and domestic programs and tax increases will automaticly go into effect. republicans are complaining. democrats are not playing fair. >> democrats have yet to get serious about real spending cuts. secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. >> carolyn: joe biden went christmas shopping in the capitol at a discount store. he strolled into costco and buying apple pie. he told reporters falling o-cliff klif is not an option. >> look around here. consumer confidence is growing. last thing we need to do is dash that now by being unable to extend middle-class tax cuts. >> carolyn: costco is hedging. they announced they will pay $3 billion dividend before the end of the year. that will save share hold ears lot of money. >> 138 countries voted to grant they voted against the measure which could make it easier for palestinian authority to pursue israel in international court. mahmoud ahmadinejad addressed the. >> mahmoud abbas addressed. they say they ne
, most recent federal tax return, proof of residence, lack of income for members having no income but not listed as dependent on a household member's federal tax return. until we measured or came up with this criteria was that we identified four cities with similar low income discount programs that require customers to provide proof of income to receive the discount and this was los angeles, california, atlinto, california, columbus, ohio and eugene oregon for their utilities program. finding 2.2 is 3% of program accounts report 10 or more household members resulting in a high allowable household income. and what we found is of the cap accounts with data for household size 3% reported over 11 household members, which is almost three times the average household size for programs, which is 3.8 persons. while putting in an excessive number of household members is typical the reporting system does not prevent households from doing so to qualify for the program. finding 2.3, 16% of program accounts had a bill that is an unrealistically high proportion of reported income. what we found
at this point. neither republicans nor democrats seem willing to budge on the issue of tax rates for the wealthy. unless the two sides can reach some kind of deal, spending cuts and also tax hikes will collectively take effect starting january 1st. the clock is ticking. >> it is. >>> the united nations has overwhelmingly approved recognition of a palestinian state, a move staunchly opposed by the u.s. and israel. >> but in the west bank and gaza, palestinians, they celebrated on the streets. the historic vote upgrades palestine to nonmember nonvoting observer status only. meanwhile, u.s. ambassador, susan rice, she denounced the resolution. saying, quote, it's counterproductive to the goal of mideast peace. >> and the palestinian people will wake up tomorrow and find that little about their lives has changed, save that the prospects of a durable peace have only receded. >> rice added that the u.s. will continue to stand up against every effort that seeks to undermine israel's security. >>> the supreme court justices will meet today to consider taking up the issue of same-sex marriage. seven case
they are ready to compromise but republicans need to ask the wealthiest americans to pay higher tax rates. >> the fiscal cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending with a new stimulus. this is almost unheard of. what do they expect? they obviously expect they will cave on everything. i think they ought to simply walk away. the president is the president. he is the leader. they are remanning republicans explain all of the cuts they want to mac. we had that movie a year and a half ago where paul ryan presented a budget a serious real budget with real cuts, obama was supposed to give a speech in which he would respond with a counteroffer. he gave a speech we had ryan sitting
using federal income tax return forms, listing out individual house members and their individual incomes, along with the monitoring and renewal process there are a lot of other cap participants not involved in this audit. we are requiring, going forward, a biannual renewal process where the program participants must provide the previous two years in the same format so basically nod of the head to the city service auditor are you satisfied with the steps the puc recommendation? so those who can't see we are getting a nod of approval, yes, you are satisfied. anything else you'd like to add to finish it off? >> yes. i wanted to add that we are pursuing reimbursement of discounts provided for ineligible participants in the program so for those -- i could at least speak to the 41 ineligible accounts, a sample of 90, after verification. we're collected 6.2,000 out of the 17,000 thus far with collections currently in progress. delinquenty is mitigated through service plan and/or liens on owner properties. the process right now for those findings are ongoing. >> supervisor elsbernd: thank you ve
will see their taxes automatically go up at the beginning of next year. >> i will violate the pledge, long story short, for the good of the country. >> i'm not obligated on the pledge. >> the world has changed, and the economic situation is different. >> susan rice is extraordinary. i couldn't be prouder of the job that she has done. >> the concerns i have are greater today than they were before. >> by all accounts she is talented, capable, and extremely abrasive. >> we have a new -- a new -- [ indiscernible ] >> reporter: the crowd is chanting the same chants we heard two years ago during the revolution. >>> the industry apparel brand in the u.s. have been warned again and again about the extreme dangers to apparel workers in bangladesh and yet they have not taken action. >> i was blown away that at the heart of this hunt was this young woman who had a kind of tenacity and dedication and a courage. she would never say no. >>> i'm on "two and a half men." i don't want to be on it. please stop watching it. please stop filling your head with filth. >>> the winners and champions of "dancing w
forward to the electorate saying we want to raise parking meters, we want to raise more taxes and this program is on the books, good luck. >> president chiu: supervisor wiener. >> supervisor wiener: thank you, mr. president. i( ]9 want to be clear about something first. in terms of the mtc and supervisor campos is correct, that i'm not in any way suggesting that it is somehow prohibited or inappropriate legally to use this money for the free youth pass program. this is one of the allowed uses. but as supervisor elsbernd stawtd stated so is maintenance procurement or rehabs and this is a choice, not a false choice. we heard that yesterday. we heard it today. that is absolutely rhetoric.82( and -- well i don't like it, but the fact is that transit funding is a limited thing. it's not this growing asset. you don't just use the money for something, and then it magically appears from somewhere else. it is a -- for -- i don't like it but it's a zero sum game in terms of how we use very scarce transit dollars. this is anything but a false choice. i will also say that i recall, months
the chance that band. >> that is od news. john: you wann a tax on junk food. >> the carbohydrate product that is in the market. we are giving the consumer is the choice to a choose whathey want to consent. john: good food would cost less. degree food would cost more. >> that is totally correct. john: orange juice and apple seized on food? >> well, i don't believe they are. john: more sugar tha coke and pepsi. >> well, we will cross that bridge when we get here, but i will tell you this much. i like my apples and oranges. john: you also helped get to these calorie counts posted at fast food places. >> that is correct. john: go into mcdonald's. no, this merely calories command that helps people. >> we have monies, they make their choices based on what they see. we have managed now to see a wonderful numbr of decrease in people suffering from obesi and diabetes. john: decreasing. >> moving in that direction. to mcdonald's and burger king and others are more responsible. john: a real study has been done on this. you can say, it doesn't cost that much to put up a little entellus with a caloe
people with untrained would be paying income taxes. liz: the question becomes, what else have you done right to get it at that level which is second only to north dakota? >> >> untrimmed i was just in china two weeks ago. we are prepared to do that. you have to create a tax competitive, job competitive, business friendly environment. the opportunities are with the private sector and we understand that here in nebraska. liz: have you prepared, not one, but two budgets. one taking into account we go over the cliff and the other if we do not go over the cliff. >> i really have not looked at it that way. i am preparing a budget for the next two-year cycle. we are prepared to adjust depending on what happens at the federal level. i do want to remain cautiously optimistic that they will find a deal. put america first. liz: i am glad that you do remain cautiously optimistic. nebraska is a very important state. you yourself have held it up at certain points worried about that. there is apparently, as i understand it, we are hearing from some people that a deal could be there. >> number one, th
all week. and, boy, a big showdown in washington yesterday. the high-stakes meetings over the tax deal brew apart. tim geithner took the president's latest offer to the republicans. you see him there with mitch mcconnell, the republican senate leader, who he said he laughed out loud when he saw geithner's proposal. we'll have all the details ahead. >> wow. >>> and a shocking medical headline this morning. glass particles in a generic drug for lipitor. a drug millions take to control their cholesterol. very scary findings. >> absolutely. >>> look at this, everybody. the secret santa. we don't know his name, trekking around some of the areas hardest hit by hurricane sandy, handing out $100 bills to those in need. >> happy holidays. >> yes. >> absolutely. >>> let's begin with america's latest powerball millionaires. one in arizona. one in missouri. and alex perez is in the small town of dearborn, missouri, where one lucky man is about to go public with his good fortune. good morning, alex. >> reporter: well, george, good morning. within hours, the big mystery in this teeny, tiny town coul
. it includes 1.6 trillion in new tax revenue and $400 billion in cuts to entitlement programs but it doesn't look like geithner's visit did much good. >> the democrats have yet to get serious about real spending cuts. >> we are waiting for some specifics, somewhere, from our republican colleagues to show that they are serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and across- the-board budget cuts would take effect. >>> 6:09 on your friday now. the car of the year is going up in price. plus, could this be the mystery multimillionaire? take a look. new video of the possible winner of the record powerball jackpot. >> and a messy morning out there. we're on the stormwatch as we go to break with a look at our hi-def doppler all covered in green and yellow. an update on the storm when we come back. ,,,,,, (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forw
possibility is to have a parcel tax that would require the city to take back all responsibility for tree maintenance. >> unless some revenue stream is found, the city plans to turn over 23,000 trees to property owners in the next seven years. >> developing news in mountain view where two 17-year-old boys and 23-year-old man is accused of sexually assaulting a 13-year-old girl. they say it happened last night. investigators say they were all drinking when the three young men assaulted the young teenage girl. no word on where the victim lives. >> residents of a palo alto neighborhood are concerned over a fourth sexual assault. latest attack happened early this morning in an apartment near the stanford shopping center. a man broke in and tried to rape a woman who was sleeping. vic lee is live with the latest on the search. the search for a sexual predator. >> this is apartment building where the attack took place. they say the female resident did everything right sheeclgs screamed and caused her attacker to run. police responded but still could not find him. >> i wanted them to take it seri
in automatic tax increases and spending cuts take effect. this week - a few republican lawmakers suggested they might be never raise taxes. and some conservative that the house quickly pass democratic legislation extending the expiring tax cuts for incomes below $250,000. >> michael yaki is is here. >> and there were talking turkey, it -- about what they were talking about it was a don't call me, don't call you type of situation. >> a test to look like it lasted a long but the white house has reached an agreement. >> they have met with the senate and leadership with 146 trillitrillion one. -6 triln dollars in tax increases and also reductions for spending. the mortgage interest reduction is not on the table and 400 billion on on determined to cuts it is a framework for discussion. the president keeps on light of that there is a senate bill in the house that will stop the increases for people earning less than $250,000. >>catherine: what is your best guess on what is the final step to break through? >> there are still yelling, talking it will be difficult. on the other hand, i think there's
-out process and i applaud the patience you have exhibited in listening to the tax task force and listening to members of public and we move forward from here. >> thank you for saying that. is there a motion to adopt decision point 8, the san francisco sunshine ordinance regulations as amended by the commission at this meeting? >> so moved. >> second. >> all in favor? >> aye. >> opposed? hearing none, it passes. and once again, a great deal of thanks to the public, the task force, and a great deal of thanks to the staff for handling this. it's been a difficult process. i know firsthand how much work you all have put into it. you can tell how long it's been when your constantly having to remind us what we had talked about and decided at previous meetings, which i am sure is frustrating for you, but appreciated by us. so thank you for your hard work. the next item on the agenda is discussion and possible action regarding amendments to cfro. first let me check with the commissioners, are we okay going forward? does anybody need a short break? >> fine. >> fine. >> mr. st. croix would
? >> sure. >> item 5 discussion and briefing on supervisors file no. 12096 3 business and tax regulations code improvement districts longer term when assessment pledged to bond, lease or other obligations, alternative 2/3 weighted vote by business. >> okay. >> item 6, discussion and that is a discussion item only. item 6 discussion and briefing on supervisors file no. 120989. resolution of intention moscone expansion business improvement district. we have lisa pagan, office of economic and workforce development presenting. >> welcome, lisa. >> thank you very much. small business commissioners. president adams, i have a presentation, but i brought handout copies in case you preferred that. so i'm just trying to get it up here. one second, please. i hope it's showing. great. lisa pagan, office of economic and workforce development. i am here to brief you on two legislation were approved at the board of supervisors last tuesday on the 20th of november. that are related to the proposed moscone expansion district. i work in the office of economic and workforce development. and i run our t
in tax increases and reforms. it leaves changes to medicare and other government assistance programs to be figured out next year. the gop says it needs those answers now. i have made clear that we have put real concessions on line by putting revenue on the table right up front. unfortunately many democrats continued to rule out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. >> he said he would be released to negotiate tax reform next year. the democrats and some republicans are pushing for the senate to immediately pass the senate bill that would keep taxes from rising on middle-class americans. >> i am happy to report to you when you already know. more and more republicans are catching on to that fact. >> today president obama takes his message to a toy manufacturer in pennsylvania. it is an american business off the white house said could be affected because income tax go up forever one next year. >> mitt romney met with president obama from lunch at the white house yesterday we were anticipating it yesterday morning. >> the pair
with republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with washington deadlocked, president obama reached out to his former rival, inviting mitt romney to lunch at the white house, aiming to put past differences to rest. >> i think that he's very interested in some of governor romney's ideas. >> reporter: romney arrived shortly after noon thursday. white house officials revealed few details about the lunch, saying only they ate white turkey chili, and the meeting lasted more than an hour, with governor romney congratulating the president on re-election. in the sole picture released by the white house, you can see the dining room where the men ate and boxing gloves. aides joked there were no punches thrown describing the encounter as friendly. >> i am happy to see this picture, it is good for the american people. >> reporter: a very different tone on capitol hill as fiscal cliff negotiations remain rocky. the president sent his top negotiator, treasury secretary tim geithner to meet with congres
. if paid for by taxes, not -- at the expense of public service. looking to going forward to building a infrastructure of deeply committed incidents to support the department and redirect management policies back to its core purpose of stewarding resources and providing access to all parks versus select few. this is just a beginning for us. we are dedicated. we will see this through and not going anywhere. we have a primary goal. the hard work on looking at the prize in the end to give a real voice to citizens of this city. to value and listen to what they have to say to restore access to the park and access back to our parks and citizenry. >> thank you. >> richard rothman and linda cutner. >> good morning commissioners and general managers. maybe it is time for good news. my name is richard rothman. i'm a city guide at coit tower but i'm speaking for myself today. i want to thank the general manager for what is going on at coit tower. when i started this for the second time a couple years ago the art commission in rec and park weren't talking. but the general manager made staff chang
vein workers that a tax hike could spoil the hole days. >> that is sort like the lump of coal you get for christmas, that is a scrooge christmas. >> the spoke at a toy factory and usualed them to contact their congress members and get them to support the white house plan which will do that. house republicans argue his plan would cripple the economy. >>> the storm may be to blame for a couple of big rig truck crashes this morning. one happened around 2:00 a.m. on westbound 580 at 680. it hit a puddle jackknifed and crashed there. fuel spilled, which kept the lanes closed for four hours. the driver was not hurt. >>> another big rig crash on 580 there livermore at the north flynn road off-ramp. the driver told ktvu he began slipping and sliding and crashed. 1 trailer filled with gravel flipped over blocking lanes, no one was hurt and that crash has been cleared. >>> for more on what traffic is like let's go to tara moriarty in the traffic center, still slow spots. >> that's right a traffic advisory has been issued for that, take there instead. >>> a live look there, not too many folks o
daughter using the mobile application to update people on the go. you have the neighbor that tax the schedule to see when he is going shopping -- this is an illustration of a network of fact or network model of the good life. the neighbor says, always check on line to see what joe needs. the physician's assistant says it is easy to share the test results. the personal care worker says i've posted on the loose handrail and they handled it right away. her sister says, i am part of a team now, what a relief. out of this idea of the network of fact, one is that this is what joe wants. this is her key to a good life. her network is actually her gateway to a good life and her ability to stay home. and we will launch a touch screen interface for those that want to connect through video. i want to share with you a few things that users are saying at telling us about their experience. 91% says that it helps them share information. that is the number one thing that people providing support to us want. 80% says that it strengthens connections. how can using something on-line actually make u
. but where the clock is really taking right now is on middle-class taxes. at the end of the year middle-class taxes that are currently in place are set to expire. middle-class tax cuts that are currently in place are set to expire. there are two things that can happen. if congress does not every family in america will see their income taxes automatically go up on january 1st. every family, everybody here will see your taxes go up when the reverse. i am assuming that does not sound too good to. it sounds like the local you get for christmas. >> that is the president talking about the fiscal cliff and about attack its rates going up for the middle class. his tax plan is to elevate for the top 2 percent earners. there trying to find middle ground between now and the end of the year. we'll be back with more coverage in just a bit. the bay bridge had a problem with the metering lights down because of the power outage. the golden gate bridge traffic is a bit on the lighter side dealing with the rain pushing through. we have video of the rain hitting highway 24 at the caldecott tunnel on the e
taxes on the wealthiest americans. >> that's what the president suggested. >>> ladies and gentlemen, the fiscal -- cliff! >> lottery officials will introduce the holder of one of the two winning jackpot tickets today. >> i'm very happy for him. he has worked very hard in his life and won't have to any more. >> the other big winner in arizona remains a mystery. >> the ticket holder may be all the way across this country in maryland. surveillance video shows a man who purportedly just found out that he wan on. >> now asking that person to come forward, show his ticket and bring your papers. >> lindsay lohan went to jail just to stay dry. >> whipped out his membership card. >> beau obama, inspecting the white house christmas decorations. >>> are you kidding me? >> never has drew brees thrown foiv interceptions and atlanta will survive. >>> an act of kindness by a new york cop going viral. tourist taking this photo of police officer larry deprimo giving boots to a homeless man. >> absolutely humbling experience. >> the police officer said it felt like the right thing to do and nicholas
. this is not our backyard. this is our tax dollars. i lived there for over 30 something years and i'd like to see it done right. and people are concerned. rec and park would not turn over information. if we had had a 10 or 20-day limit, nothing could happen. and with the types of vacations that folks get, no offense, we can't even get hold of the people responsible to get an answer. thank you.
sum payment of about 192 million dollars each before taxes. so if you don't have the winning power ball numbers, no problem. here are 3 residence why it may good that you didn't win the lotter lottery. lotto winners may more likely to file for bankruptcy particularly in year 3 to 5 after winning the jack pot. winning the jackpot won't make you any happier. happiness is linked to long-term personal income because it's earned therefore considered legitimate. financially you don't throw your money away on losing tickets. remember the odd of winning the jackpot are more than 1 in 175 million dollars. i'm reminded of johnny consider son old line money doesn't buy happiness. >> true. >> sure can lease it for awhile. >> i would be willing to assume the risk of 192 million dollars and just. >> see how it guess. >> be a human study for sneevrn your one ticket away my friend. >> i would really miss you. >> oh, sure. >> watch you every night but i'll miss you. disappointed and dejebingtd with good reason. smith talks with good reason. smith talks about the move with his >> coming up ton
for it ourselves, it's called bribery. i have the treasurer collecting the tax dollars. we need innovation not organized crime. we need family businesses. together to cause solutions to our problems that we have together. the traffic is a manifestation of what's going on in our city, everyone honking all the time, so rude, so ill mannered. family is where it starts. my grandfather thomas jefferson said a -- society is what keeps family together because based on family that's a family business, i don't know why we're having -- my friend across the aisle says we should have a place where we -- we should have the full board with christina olague, where they can have public comment. we're having public comment right here. what are you talking about. this is public comment. i don't even know their business. they want to be innovative to san francisco.bdpj please give them their business. >> supervisor farrell: thank you very much. next speaker please. >> thank you, chairman. >> hello. my name is bella -- i'm here not as a resident of manner -- marina but of san francisco, i'm in scott's jurisdi
we did was with tax dollars. you already paid for it, we're trying to give it back to you. and, so, we take a wholesale retail. we want to be the providers of the data as a fuel, but fuel, gasoline is useless to get you from point a to point b unless you consume that ultimately drives value to the american economy. our customer, i can completely agree with what shannon said in terms of our business objective, so to speak, is to empower entrepreneurs and innovators, to create jobs. that's a metric of success, not revenue generated per data set or some other per ifervance metric. the other piece of that looking back to the example of weather and gps, my monetization, is that together they contribute $100 billion to the american economy last year. last year alone from just those two data liberations. so, that is the way in which we are approaching from a strategy perspective, the ultimate impact to our customers. >> one super quick. one thing the city of san francisco or big cities or federal, right, the other smaller cities, smaller cities have smaller budgets. having a structure to
of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got involved politically, ran for congress, search for 8 terms. he then befriended abraham lincoln, obviously from illinois, and ulysses s. grant, and as they were on the rise, he stayed with them as a close confidante and colleague during the civil war. after grant was elected president, he appointed washburn secretary of state. at that time, he became ill. his family feared for his life. after 10 days, he submitted his resignation to president grants. grant regretfully accepted his resignation. over the next several months, he regained his health, which was always fragile. grant offered him the position as minister to france, a
grover norquist and his anti-tax pledge. this time it's new york congressman chris gibson who said that because of redistricting, he figures the pledge only applies to the area he was serving before. >>> and this was the photo op of the day. of course, vice president joe biden, he was shopping at the new costco in washington, d.c. he munched on some cookie samples, bought children's books, a tv set and apple pie. >>> remember this guy? the one who vowed to keep his romney/ryan campaign tattoo dispute the election results? reality has apparently caught up with him, and it's coming off soon. and that's your dish of "scrambled politics." >>> another day of fiscal cliff drama. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets did bounce back by the afternoon. >>> economic data was positive thursday, but we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> th
, automatic tax hikes and across- the-board budget cuts would take effect. >>> little is being said about the meeting between president obama and mitt romney. the two had lunch at the white house yesterday their first face-to-face encounter since their final presidential debate. the media were kept away from the private get-together. white house officials say the two discussed u.s. leadership in the world and promised to stay in contact. >>> united states supreme court is due veal today whether it will take up california's same- sex marriage debate. this afternoon the court is due it reveal a list of cases it plans to review. if the prop 8 case is on the list it would likely be decided next summer. but if the justices opt not to hear it, the appeals court ruling against prop 8 would stand. >> if the court denies the appeal and marriages resume it's a historic day in california. if the court hears the case, we believe we'll have that huge historic day. it will just take place a little farther down the road next june. >> meanwhile prop 8 supporters say if their appeal fails it would go agai
calvillo: an ordinance amending the business and tax regulations code to provide for a district term of up to 40 years when assessments are pledged or applied to pay any bonds, financing leases or other similar obligations of the city and authorize the board of supervisors to require a waited two-thirds vote of business owners to be assessed based on ballots cast as an alternative or additional procedure for establishing a business improvement district and levying assessments and clarifying existing positions and update references to state law. >> president chiu: colleagues, roll call vote. >> clerk calvillo: on item 19, supervisor avalos, aye. supervisor campos, aye. president chiu, aye. supervisor chu, aye. supervisor cohen, aye. supervisor elsbernd, aye. supervisor farrell, aye. supervisor kim, aye. supervisor mar, aye. supervisor olague, aye. supervisor wiener, aye. there are 11 ayes. >> president chiu: the ordinance is passed on the first reading. item 20. >> clerk calvillo: a resolution declaring the intention of the board of supervisors to establish a business based improvement dist
which includes $1.6 trillion in new tax revenue over ten years as well as $50 billion in additional stimulus spending. with limited details on spending cuts, the gop's reaction, less than encouraging. senator mitch mcconnell reportedly burst into laughter while geithner was in the middle of outlining obama's plan. and house speaker john boehner who described his phone call with the president wednesday night as disappointing was not impressed by the white house proposal. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they're really willing to make. >> boehner then raised the stakes by throwing the debt ceiling into the mix, suggesting that any plans to raise the nation's borrowing limit would have to be matched by spending cuts in the fiscal cliff deal. >> as i told the president a couple weeks ago, there's a lo
view of the marina and alcatraz. to add a tax revenue spot with a great restaurant in that location is an icon to the city and in consideration with the fact that you might say the view of those things can be inhibited from the pictures they showed it seems obvious that would not be the case. i think the view would be fine. you would be able to walk by. they showed the path for the bikers so it doesn't seem to be a problem there. i know the mcnifns and can say those are the right people, if you're going to do the project that's the team you want, they will do it right. thank you. >> supervisor farrell: thank you. next speaker please. >> very good job on pronouncing the name. no one ever gets it right. my name is jake, the manager of the fillmore location woodhouse. and as far as being part of the community, i know that -- i know so many regulars names. i know the community. i can walk down the street on fillmore and recognize not just people that come into the restaurant, but the people in the community. as far as being a family operation, i know the name of woodhouse is derived fro
one. 63 million after all the taxes and shenanigans came into your pocket. $63 million. you are -- were, i should say and still are. but i will explain that. a white collar worker. you are a professional man. so you get 63 million dropped on you. what was the worst thing about it? >> the news media on my front yard. to be quite honest with you. you know, you are going through a huge turmoil and all of a sudden, you know, someone who comes from a quiet background all of a sudden i have got, you know, 45 trucks parked across the street from my house. it's a little unnerving right after all this happened. >> bill: consequence of these people they go away after a while. what was the consequence of having that kind of public exposure? >> well, you know, people, at least in my case, people view us kind of as a pariah. i mean, i have had people i have known for 25 years tell me they couldn't stand the sight of me anymore. >> bill: did they articulate why? >> most of them said because i won and they didn't. and i kind of said well, look, it's the luck of the draw. >> bill: flat out
of automatic tax hikes and spending cuts in january. >>> oh, to be a fly on the wall on this one. president obama and mitt romney met privately at the white house today to chew over the nation's economic issues. it was the first time they have been together face to face since their contentious campaigns. cbs reporter tara mergener on the political power lunch. >> reporter: mitt romney got out of an suv and walked into the white house alone. the former republican nominee then sat down with president obama for a private lunch. aides say the president wanted to hear the businessman's ideas on how to make government run smoother. >> somebody with governor romney's experience clearly would have insight into how to maximize efficiency in an operation like the federal government. >> reporter: the lunch is the first time they met since they battled it out on the campaign trail. >> the president doesn't have a plan. he is out of ideas. he is out of excuses. >> reporter: keeps changing up so much and backtracking and side-stepping... i think it's called romnesia. >> reporter: the lunch in the white h
. >>> with the fiscal cliff approaching, people worry about having to pay a higher tax rate, i get that, but when you can snag high-quality stocks that yield more than 5%, i'm all ears. that's one of the reasons i want to tell you about health care trust of america, a newly minted real estate trust that owns medical office buildings. hga is a very defensive stock. unlike retail reits, it's levered to a sector, health care, that just does fine when the economy goes in recession. look, it's a real possibility if we go off the cliff. plus we have a limited supply of medical office space. this is a nice, steady business. let's take a closer look with scott peters. mr. peters, welcome to "mad money." >> thank you for having me. >> i try all the time to find companies that might be beneficiaries of the affordable health care act. i stumbled on you guys. you're the one? >> we think we are. we've been fortunate. health care systems are now running like businesses. with 30 to 40 million more insured coming up, they need the most affordable location to off those services. those are mobs, they're on campus, and
.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get here: but this morning kelsie harrison ran to and through marin county. she started the run in july in new york city. >> the run is in honor of my friend who passed away with lung cancer right after we graduated. >> reporter: costelo was diagnosed with lung cancer. the nonsmoking teammate never sto
spouse s. >> for saving. >> for sherrod. spouse b and spouse s. >> you just want a tax break. >> that's all you mean to him. you are engaged. when are you and spouse b tieing the knot? >> in the summer. >> are you spouse a? >> i think so. >> i think you are spouse a. >> of course not. >> sherrod, do we need new terms for bride and groom? >> i don't think so. when it comes to marriage, mind your business. if they let them if it is spouse a or who is the groom or who is the bride, listen, chances are, i am not going to the wedding anyway. what do i care? do what you do. yankees are playing the red sox i can't make it. i get four saturdays on june i am not wasting it on other people's lives. somebody will be doomed. aed withing is really a funeral for one of those people's lives. you don't live both lives. you live one person's lives. it is a wedding for the good life and a funeral for the bad life. >> they have a certificate and it says husband and supervisor. >> that's because you can't think for yourselves. >> like i said, husband and supervisor. >> we need to be managers and we are t
consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get here: but this morning kelsie harrison ran to and through marin county. she started the run in july in new york city. >> the run is in honor of my friend who passed away with lung cancer right after we graduated. >> reporter: costelo was diagnosed with lung cancer. the nonsmoking
the workers on the job, bring back tax revenue for local governments to repair, rebuild and restore a sense of normalcy for our commitments. we already were at over 9% unemployment before the storm, and if history teaches us anything from hurricane katrina, it is that unemployment dramatically rose subsequently. that is a big challenge. to economically rebuild new jersey, we also need to rebuild thier is si shore, and that is -- that's a $38 billion tourism economy in our state. and the jersey shore isn't just about summer homes. that sometimes is, you know, a huge misconception. it has been transformed into year-round communities. the next two slides show the importance of some of what senator schumer was talking about, army corps on our shoreline. stockton college did a study of the army corps' beach engineering programs before and after the storm, and what it found was unambiguous. where the army corps was able to complete a beach-engineered project, the dunes held. and the damage to commitments behind -- to communities behind the projects was either negligible or manageable. so here's a
, in fact, with tax the gentleman from oklahoma anded sait something simple, if you are adjudicated mentally infirm you're on the same list that prevents you from buying a gun as if you're a felon. in my judgment, i love our veterans, i vote for them all the time, they defend us. but if you are mentally ill, whether you're a veteran or not, just like if you're a felon, if you're a veteran or not, and you have been judged to be mentally infirm, you should not have a gun. and that no amendment, my friend, is absolute. the first amendment is not absolute, you're against antipornography laws. the third, fourth, fifth, sixth, seventh, and eight and ninth amendments are absolute and as much as i believe in the second amendment and the right to bear arms and was a supporter of the heller amendment neither is the second amendment. i continue my objection to the provision. mr. mccain: may i be recognized? the presiding officer: the senator from arizona. mr. mccain: what we have here after 12 hiewrs today, eight hours yesterday and 42 amendments and many more coming in a manager's package, what we hav
: there is the unknown ones, how much are they going to increase taxes. i predicted 37-38% and capitol gains 20%-22%. i don't have definitive numbers for you sos i got it right but i read this today: >> cenk: now do you understand that? the clinton era rates are 39.5 wear. all along, president obama was saying i'm taking away the bush tax cuts, we're going back to the clinton era rates right? all of a sudden not really going back to the clinton era rates. that's why i was saying you know what, they might increase the rates because president obama has said it way too many times not to increase the rates at all, but although as we've sheen you, they've also hint haded they might lower rates. he's not going to go back up and take the bush tax cuts away. the final might be 37%. politico, same reporting as the wall street journal on that. they say it might be about $1.2 trillion in tax increases. they say realistically it could be closer to a trillion dollars. that's similar to what we've been hearing. the democrats are supposed to have leverage, but looks like they'll get the same trillion dollars that pre
that includes 1.5 trillion in tax increases. >> despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >>> searching for statehood.
times you can go to the well. small tax base, especially coming out of recession when receipts are down and then this hits. i think you make an important point. this committee won't be working with the -- so many of us, not by itself, west coast, east coast experience this, they will get very involved in the supplemental pick and i think you make a very important point about local management. thank you. and representative smith, last but not least, the floor is yours. >> thank you so much for convened a very timely and important hearing. madam chairman, hours after hurricane sandy made landfall in new jersey last month, i met with victims, elected officials and emergency responders to survey the damage of our coastal communities and i have about 20 that are right on the water. saw the devastation to lives, homes and businesses brought by this storm. i walked with the mayor of the day after, and the smell of gas, natural gas was so strong, so pungent that if any of us lit a match we would've had an explosion in many homes get burned down to nothingness. the courage and tenacity and resil
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